Ukraine Industrial production July 2020

Ukraine

Ukraine: Decline in industrial activity softens in July

August 25, 2020

Industrial production fell 4.2% over the same month last year in July, after it dropped 5.6% in June—marking the softest decline since February.

Looking at the details of the release, July’s weaker decline was driven by a rebound in utilities supply output and a less severe contraction of the mining and quarrying sector. Manufacturing production, however, declined at a sharper pace than in June.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.5%, down from June's minus 5.0%.

FocusEconomics Consensus Forecast panelists project that industrial output will fall 6.8% in 2020, which is down 0.4 percentage points from last month’s forecast. For 2021, the panel sees industrial production rising 3.5%.


Author:, Economist

Sample Report

Looking for forecasts related to Industrial production in Ukraine? Download a sample report now.

Download

Ukraine Industrial production Chart


Ukraine Industry July 20 20

Note: Month-on-month changes of seasonally adjusted industrial production and annual average growth rate in %.
Source: State Statistics Service of Ukraine and FocusEconomics calculations.


Ukraine Economic News

More news

Search form